I subscribed to the United Money Market Fund-Class R (MYU910...
I subscribed to the United Money Market Fund-Class R (MYU9100AN000.MF) yesterday around 9 pm. However, the status is still "working," and the fund cash coupon has not been utilized.
Could someone please explain the entire process and timeframe for fund subscriptions?
Could someone please explain the entire process and timeframe for fund subscriptions?
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Remoortel : It will take 1-3 working days.
FIRE Keith OP : thanks you
CLIFF PANG FIRE Keith OP : is the fund subscribed can withdraw anytime?
FIRE Keith OP CLIFF PANG : should be. it's money market fund
Choong SH : how long does it take to redeem?
FIRE Keith OP Choong SH : just subscribed last night. haven't tried to redeem.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Choong SH : any fee when subscribe?
FIRE Keith OP Choong SH : FOC
Thomas kuanvin : There is a stipulated cutoff time for MooMoo to submit their booking to buy/sell into the fund to fund management firm.
In your case which transact around 9pm means it will be next day submission hence you won't immediately see your unit entitled and ultimately return/performance until unit get to your acc.
FIRE Keith OP Thomas kuanvin : yes. indeed. and I found out the process is relatively slow. especially on withdrawal